Catholic Charities Foundation

“Catholic charities foundation pays bookkeeping fees to the archdiocese of st. Louis. The organization also pays investment management fees to st. Louis archdiocesan fund (slaf).”

“The organization has one member - catholic charities of st. Louis (catholic charities). Additionally, the archbishop of st. Louis is a member with reserved powers over catholic charities, by which the archbishop also has reserved powers over the organization.”

“As a member with reserved powers over catholic charities of st. Louis, by which the archbishop of st. Louis also has reserved powers over the organization, the archbishop of st. Louis has the authority to appoint up to 50% of the board of directors and to approve all candidates of the board of directors of catholic charities foundation.”

“As they are members with reserved powers, various decisions of the organization are subject to approval by catholic charities of st. Louis and the archbishop of st. Louis. Additionally, the audit committee of the archdiocese of st. Louis is responsible for the selection of the independent auditor for all archdiocesan entities.”

“The organization has provided a copy of the form 990 to the members of the governing board prior to filing of the tax return. Once all questions and comments are reviewed/cleared by the chief financial officer and/or the president of catholic charities, the form 990 is accepted for filing and a representation letter is signed by the president of catholic charities. At this point, the form 990 is filed with the irs.”

“Upon membership to the board of directors, persons are required to review and sign a conflict of interest policy. Additionally, all other officers, directors, and key employees are required to review and sign the conflict of interest policy on an annual basis.”

“The organization reviews national and local inflation rates, internal funding abilities, and planned salary budgets for the archdiocese of st. Louis. Additionally, independent salary surveys conducted by the united way of st. Louis and catholic charities usa are reviewed when determining salary ranges and budgets. The compensation of the president of catholic charities is determined by the archbishop of st. Louis. Additionally, the board of directors approves the overall salary adjustment.”

“Anyone interested in reviewing the organization's governing documents, conflict of interest policy, and/or financial statements must contact the chief financial officer of catholic charities, as this information is available upon request.”

“The audit committee of the archdiocese of st. Louis assumes responsibility for oversight of the audit of the financial statements and selection of an independent auditor.”